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Beijing Beetech (SZSE:300667) Inventory Turnover : 0.39 (As of Mar. 2024)


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What is Beijing Beetech Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Beijing Beetech's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥106.2 Mil. Beijing Beetech's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥275.8 Mil. Beijing Beetech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beijing Beetech's Days Inventory for the three months ended in Mar. 2024 was 236.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Beijing Beetech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.76.


Beijing Beetech Inventory Turnover Historical Data

The historical data trend for Beijing Beetech's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Beijing Beetech Inventory Turnover Chart

Beijing Beetech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.33 2.53 2.17 1.64 2.11

Beijing Beetech Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.47 0.34 0.75 0.39

Beijing Beetech Inventory Turnover Calculation

Beijing Beetech's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=592.107 / ((298.561 + 263.134) / 2 )
=592.107 / 280.8475
=2.11

Beijing Beetech's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=106.236 / ((263.134 + 288.461) / 2 )
=106.236 / 275.7975
=0.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Beijing Beetech  (SZSE:300667) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Beijing Beetech's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=275.7975/106.236*365 / 4
=236.89

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Beijing Beetech's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=275.7975 / 157.094
=1.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Beijing Beetech Inventory Turnover Related Terms

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Beijing Beetech (SZSE:300667) Business Description

Traded in Other Exchanges
N/A
Address
Seven Streets 7th Floor, No. 1 Huizhong Building, Haidian District, Beijing, CHN, 100085
Beijing Beetech Inc is a China-based company. It is a wireless sensor network system solutions and micro-electro-mechanical systems (MEMS) sensor chip provider. The company provides monitoring solutions for smart industrial, digital oilfields, smart grids and other fields. It also focuses on testing solutions in the fields of equipment manufacturing, research and testing, teaching and experiment and defense research, and MEMS products for automotive electronics and consumer electronics.
Executives
Zhang Zhi Tao Executives
Ding Liang Cheng Director
Xu Feng Directors, executives
Dai Xiao Ning Directors, executives
Shen Wei Zhen Executives
Chen De Min Supervisors
Deng Yan Qing Executives
Tang Zhi Bin Directors, executives
He Lei Director
Gong Dao Yong Director

Beijing Beetech (SZSE:300667) Headlines

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